Is Red Cat Holdings Inc (RCAT) Stock About to Get Hot Tuesday?

Red Cat Holdings Inc (RCAT) stock has fallen 15.55% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Red Cat Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on RCAT!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With RCAT Stock Today?

Red Cat Holdings Inc (RCAT) stock is trading at $4.02 as of 11:05 AM on Tuesday, Jul 20, a decline of -$0.08, or -1.93% from the previous closing price of $4.10. The stock has traded between $4.00 and $4.28 so far today. Volume today is light. So far 1,595,388 shares have traded compared to average volume of 5,899,160 shares. To screen for more stocks like Red Cat Holdings Inc click here.

More About Red Cat Holdings Inc

Red Cat is a leading provider of secure blockchain-based distributed storage, analytics and SaaS for the drone industry. Through its innovative products and leadership, Red Cat provides solutions for regulators to track and review flight data, insurance companies to insure drones, and pilots to become compliant with regulations. Red Cat's success is driven by a commitment to deliver unrivaled innovation that makes drones trackable, accountable and the sky a safer place. Red Cat is headquartered in San Juan, Puerto Rico. For more information, visit www.redcatpropware.com. Click Here to get the full Stock Report for Red Cat Holdings Inc stock.